Corporate Corruption News Articles

Excerpts of key news articles on

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Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.

Shareholders of Exxon Mobil Corp., whose departing chief executive got a $357 million retirement package, overwhelmingly rejected resolutions to rein in compensation at the company's annual meeting yesterday. Chairman and Chief Executive Officer Rex W. Tillerson said predecessor Lee Raymond deserved a $357 million retirement package that he received in January because he delivered record profits.

Note: So price gouging at the gas pumps brings record oil profits and one of the CEO's responsible gets hundreds of millions of dollars as a retirement gift. What kind of message does that send? Why didn't other major newspapers pick up this little "detail."

British businesses have profited by at least Ł1.1bn since coalition forces toppled Saddam Hussein three years ago. The company roll-call of post-war profiteers includes some of the best known names in Britain's boardrooms. The evidence of massive investments and the promise of more multimillion-pound profits to come was discovered in a joint investigation by Corporate Watch, an independent watchdog, and The Independent. The findings show how much is [at] stake if Britain were to withdraw military protection from Iraq. British company involvement at the top of Iraq's new political and economic structures means Iraq will be forced to rely on British business for many years to come. A total of 61 British companies are identified as benefiting from at least Ł1.1bn of contracts and investment in the new Iraq. But that figure is just the tip of the iceberg. It could be as much as five times higher, because many companies prefer to keep their relationship secret. The waters are further muddied by the Government's refusal to release the names of companies it has helped to win contracts in Iraq. The report acknowledges that British business still lags behind the huge profits paid to American companies. In five years, the Ł1.1bn of contracts identified in the report will be dwarfed by what Britain and the US hope to reap from investments. Highly lucrative oil contracts have yet to be handed out.

Note: For more powerful information on war-profiteering revealed by a highly decorated U.S. general see http://www.WantToKnow.info/warisaracket

Ministers are trying to scrap an international agreement banning the world's most controversial genetic modification of crops, grimly nicknamed "terminator technology", a move which threatens to increase hunger in the Third World. The Government is to push for terminator crops to be considered for approval on a "case-by-case basis" at two meetings this month; its position closely mirrors the stance of the United States and other GM [genetically modified organisms]-promoting countries. Terminator technology...would stop hundreds of millions of poor farmers from saving seeds from their crops for resowing for the following harvest, forcing them to buy new ones from biotech companies every year. The technique is officially known as genetic use restriction technology (Gurt), making crops produce sterile seeds. It could be applied to any crop, including maize and rice, widely grown in developing countries. The UK working group on terminator technology...says: "It could destroy traditional farming methods, damage farmers' livelihoods and threaten food security, particularly in developing countries." [Former UK Minister of Environment Michael] Meacher said: "For the first time in the history of the world, farmers would be stopped from using their own seeds."

Note: For more on this alarming development: http://www.WantToKnow.info/deception10pg

Twenty-one-year-old Katia...left home on what she believed would be a trip to buy goods in Turkey, but instead she was sold into sexual slavery for $1,000. In "Sex Slaves," FRONTLINE follows [her husband] Viorel on an extraordinary journey deep into the world of sex trafficking to try to find his wife...and then free her from the violent pimp who now "owns" her. Along the way, the production team takes a rare, hidden-camera look at the various traffickers, pimps and middlemen who illegally buy and sell hundreds of thousands of women each year. Lured by traffickers who prey on their dreams of employment abroad, many of the women are then kidnapped and "exported" to Europe, the Middle East, the United States and elsewhere. During this process, they may be sold to pimps, locked in brothels, drugged, terrorized and raped repeatedly. "How much will a girl cost?" co-producer Felix Golubev asks a trafficker in Moldova while posing undercover as an interested buyer from North America. "Five hundred to 600 dollars" replies the trafficker." As Viorel searches for Katia, we learn what she might be enduring from other trafficked women. Twenty-eight-year-old Oksana was sold 13 times over an eight-month period before finally being allowed to return to her native Ukraine. "There were 22 girls in a three-bedroom apartment, and each girl got beaten up at least once a day. One girl ran away and went to the police for help, but she was taken back. Policemen…used our services." "Sex Slaves" exposes the government indifference that allows the global sex trade to continue virtually unchecked and what needs to be done.

Note: If you want to know about secret government involvement in the sex trade and sex abuse, see the harrowing, yet powerful essay at http://www.WantToKnow.info/nationbetrayed10pg and a highly revealing, free Discovery Channel documentary at http://www.WantToKnow.info/060501conspiracyofsilence

Just how far will corporate lobbyists go to tilt governmental decisions in their favor? Last fall, the U.S. Court of Appeals for the District of Columbia Circuit ruled that the Clean Air Act does not require regulating carbon dioxide emissions that are heating up the planet at an unprecedented rate. It turns out that two of the jurists who helped decide the case -- Chief Judge Douglas H. Ginsburg and Judge David B. Sentelle -- attended a six-day global warming seminar at Yellowstone National Park sponsored by a free-market foundation and featuring presentations from companies with a clear financial interest in limiting regulation. Exxon Mobil Corp. and other large businesses contribute to conservative think tanks to help "educate" federal judges through seminars like the one at Yellowstone. The Code of Conduct for federal judges does not prohibit attending such seminars -- as long as participation does not "cast reasonable doubt on the capacity to decide impartially issues that may come before them." Leaders of Congress and the federal courts seem to recognize that the federal judiciary ought to be out of bounds for lobbyists. Judges are appointed for life, and allowing insider access threatens the integrity of the one branch of government that should stand above politics. Court cases must be won by argument, not by influence, and that means putting a stop to judicial junkets that give one side of the debate an unfair advantage.

More than 50 years after DuPont started producing Teflon ... federal officials are accusing the company of hiding information suggesting that [the chemical] might cause cancer, birth defects and other ailments. Environmental regulators are particularly alarmed because scientists are finding perfluorooctanoic acid, or PFOA, in the blood of people worldwide and it takes years for the chemical to leave the body. The U.S. Environmental Protection Agency reported last week that exposure even to low levels of PFOA could be harmful. With virtually no government oversight, PFOA has been used since the early 1950s. Questions about potential effects on human health and the environment often aren't raised until years after a chemical is introduced to the marketplace. The long and mostly secret history of PFOA began to unravel down the road from DuPont's Teflon plant...where a Parkersburg family began asking questions in the late 1990s about a mysterious wasting disease killing their cattle. Their lawsuit ended with a monetary settlement ... but the legal battle uncovered a trove of industry documents about PFOA. One document detailed how DuPont scientists started warning company executives to avoid human contact with PFOA as early as 1961. Industry tests later determined the chemical accumulates in the body [and] doesn't break down in the environment. Tests on lab animals have found links to illnesses including liver and testicular cancer, reduced weight of newborns and immune-system suppression. The findings concern EPA officials because rats flush the chemical out of their bodies within days, while PFOA stays in human blood for at least four years.

Note: As this article is no longer available on the Chicago Tribune website, to read it in full, click here.

When Anya Bailey developed an eating disorder after her 12th birthday, her mother took her to a psychiatrist at the University of Minnesota who prescribed a powerful antipsychotic drug called Risperdal. Created for schizophrenia, Risperdal is not approved to treat eating disorders, but increased appetite is a common side effect and doctors may prescribe drugs as they see fit. Anya gained weight but within two years developed a crippling knot in her back. She now receives regular injections of Botox to unclench her back muscles. She often awakens crying in pain. Isabella Bailey, Anya’s mother, said she had no idea that children might be especially susceptible to Risperdal’s side effects. Nor did she know that Risperdal and similar medicines were not approved at the time to treat children. Just as surprising, Ms. Bailey said, was learning that the university psychiatrist who supervised Anya’s care received more than $7,000 from 2003 to 2004 from Johnson & Johnson, Risperdal’s maker, in return for lectures about one of the company’s drugs. The intersection of money and medicine, and its effect on the well-being of patients, has become one of the most contentious issues in health care. Nowhere is that more true than in psychiatry, where increasing payments to doctors have coincided with the growing use in children of a relatively new class of drugs known as atypical antipsychotics. These best-selling drugs, including Risperdal, Seroquel, Zyprexa, Abilify and Geodon, are now being prescribed to more than half a million children in the United States to help parents deal with behavior problems despite profound risks and almost no approved uses for minors.

Note: For lots more reliable information on cover-ups affecting your health, click here. To read an inspiring story on the benefits of healthy school diet for students' health, behavior and studies, click here.

Several small, independent automakers are juicing up electric cars. Among the companies trying to lead the charge: Tesla. Tesla Motors...is taking orders for a $100,000 electric high-performance sports car...billed as capable of a Ferrari-like zero to 60 mph in four seconds. The car was designed in California but will be built by Lotus in Great Britain. Its sophisticated lithium-ion battery will allow a range of 250 miles on a single charge and a top speed of 130 mph. Wrightspeed...hopes to produce its own, $100,000 high-performance car within two years. It will have about a 200-mile range. Ian Wright, who heads Wrightspeed...says the new breed of electric cars could have three times the energy efficiency of gas-electric hybrids. "You can build something that's seriously fast and a lot of fun to drive." Zap. At the other end of the performance spectrum...Zap last month started selling a three-wheel electric "city car" imported from China that it says is capable of a top speed of 40 mph. Priced at $9,000, the Xebra has a range of about 40 miles. Tomberlin Group...plans to sell three versions of electric cars. Prices will range from $5,000 for E-Merge E-2 to $8,000 for the four-seat Anvil. The electric revival comes as...Who Killed the Electric Car? has started playing in theaters. The movie alleges that big automakers, oil companies and the government sank promising electric-car technology. The film singles out General Motors for...having created a futuristic electric car that became a Hollywood enviro-darling. When leases ran out, GM collected its Saturn EV1s and sent them to the crusher.

Note: I've heard that Who Killed the Electric Car? is an excellent, revealing film. For lots more on why car mileage has not significantly increased since the days of the Model T (which got 25 miles to the gallon), see http://www.WantToKnow.info/050711carmileageaveragempg

Ottawa. On the outskirts of the nation's capital, a tony high-rise hotel beside a golf course is hosting the annual meeting for one of the world's most secretive and powerful societies. They're called the Bilderberg group. Those who follow the Bilderberg group say it got Europe to adopt a common currency, got Bill Clinton elected after he agreed to support NAFTA, and is spending this week deciding what to do about high oil prices and that pesky fundamentalist president of Iran. The Bilderberg group is a half-century-old organization comprising about 130 of the world's wealthiest and most powerful people. They don't have a website. Bilderberg says the privacy of its meetings helps encourage freewheeling discussion. An unsigned press release...confirmed this year's meeting would deal with energy issues, Iran, the Middle East, terrorism, immigration, Russia, European-American relations and Asia. The 2006 group includes David Rockefeller, Henry Kissinger, Queen Beatrix of Holland, New York Gov. George Pataki, the heads of Coca-Cola, Credit Suisse, the Royal Bank of Canada, cabinet ministers from Spain, Greece and a number of media moguls. The group also includes a pair of prominent figures involved in planning the U.S. invasion of Iraq -- Richard Perle and Ahmad Chalabi. Fellow White House power-players Donald Rumsfeld and Paul Wolfowitz, now head of the World Bank, have spoken to the group in the past. The prime ministers of Britain and Canada -- Tony Blair and Stephen Harper -- have addressed the group before.

Note: For two excellent articles from BBC describing this incredibly powerful, highly secretive group of elites:
http://www.WantToKnow.info/051115secretsocietiesbilderberg

The inner-workings of a beef processing plant in Dakota Dunes, South Dakota, might not sound like compelling national news, but in 2012, ABC changed that with two little words: “pink slime.” As you probably recall, the news outlet questioned Beef Products, Inc. (BPI) about its ground beef filler known as “lean finely textured beef” (LFTI), utilizing the pejorative term “pink slime” in the process. The backlash from the report hit BPI’s bottom line hard, despite the fact that they maintained that LFTI is safe and made from 100 percent beef, and so the South Dakotan company sued ABC News. The news organization eventually settled out of court ... paying nine figures to BPI to end the whole mess. BPI survived the ordeal and are back in the news again for – guess what – lean finely textured beef. But don’t call it “LFTI.” And definitely don’t call it “pink slime.” According to Beef Magazine, the USDA has given its approval for BPI to call “lean finely textured beef” simply “ground beef.” “We approached USDA about the possibility of reclassifying our product,” Nick Ross, BPI vice president of engineering, [said] “After reviewing BPI’s submission of a new product and new production process, [the United States Department of Agriculture’s Food Safety and Inspection Service (FSIS)] determined that the product meets the regulatory definition of ground beef ... and may be labeled accordingly,” a FSIS spokesperson [confirmed]. But for consumers, the change won’t really mean that much.

Note: For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.

Investigators have revealed that targets of high-tech spying in Mexico included an international group of experts backed by the Organization of American States who had criticized the government’s investigation into the disappearance of 43 students. Previous investigations by the internet watchdog group Citizen Lab found that the spyware had been directed at journalists, activists and opposition politicians in Mexico. But targeting foreign experts operating under the aegis of an international body marks an escalation of the scandal. The experts had diplomatic status, making the spying attempt even graver. The spyware, known as Pegasus, is made by the Israel-based NSO Group, which says it sells only to government agencies for use against criminals and terrorists. It turns a cellphone into an eavesdropper, giving snoopers the ability to remotely activate its microphone and camera and access its data. The spyware is uploaded when users click on a link in email messages. Citizen Lab said the spyware attempts against the international experts occurred in March 2016 as the group was preparing its final, critical report on the government investigation into the disappearances. The 43 students were detained by local police in the city of Iguala on 26 September 2014, and were turned over to a crime gang. Only one student’s remains have been identified. The experts criticized the government’s conclusions, saying ... that government investigators had not looked into other evidence.

Note: Read the report by Citizen Lab at the University of Toronto for the details of these suspicious spyware attacks. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and the erosion of civil liberties.

Neil Young ... has a new album coming out at the end of June called "The Monsanto Years." And it's a biting attack on the seed giant -- as well as other big corporations. The title track refers to "the poison tide of Monsanto" and describes a farmer who "signs a deal for GMOs that makes life hell with Monsanto." Young also lashes out at Starbucks in a song called "A Rock Star Bucks a Coffee Shop." "I want a cup of coffee but I don't want a GMO. I like to start my day off without helping Monsanto," Young sings in his trademark nasal whine. The singer announced ... that he would no longer drink Starbucks lattes because the company, along with Monsanto, was part of the Grocery Manufacturers Association trade group. That organization sued the state of Vermont to overturn a law that would require food and beverage companies to disclose on their labels if GMOs are used in the products. "GMO labeling matters. Mothers need to know what they are feeding their children. They need freedom to make educated choices at the market," Young said. Young also rails against the Supreme Court's Citizens United ruling on campaign finance in several songs. And he criticizes Walmart's labor practices in a song called "Big Box," which has the following verse: "People working part-time at Walmart never get the benefits for sure." So far, it looks like Walmart isn't planning to retaliate against Young. You can preorder "The Monsanto Years" at Walmart.com.

Note: For more along these lines, see concise summaries of deeply revealing genetic modification news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our Health Information Center.

Syngenta, a Swiss chemicals company, produces one of America’s most popular herbicides. It is called atrazine, and 73.7 million pounds of the chemical compound were applied in the United States in 2013. It was used on more than half of all corn crops, two-thirds of sorghum and up to 90 percent of sugar cane. The weed killer is banned as a pesticide in the European Union as well as in Switzerland over concerns that it is a groundwater contaminant. Syngenta, however, did not get the memo. Even though the European Union banned atrazine over a decade ago, the company has long insisted that the pesticide was not banned. Sensitivity over regulatory gaps between the United States and Europe has flared during trans-Atlantic trade talks, which have been underway since 2013. An increasing number of critics of the process are concerned that the outcome could favor corporations more than consumers. Advocacy groups have particularly focused on chemicals, given the disparities in policy. Baskut O. Tuncak, a senior lawyer at the Center for International Environmental Law, said that in his view the chemical proposals that have surfaced so far “reflect a lot of industry’s demands and their concerns with more protective E.U. policies.” He added that proposed changes could “slow or stop and possibly weaken efforts to develop stronger chemical regulation in either the E.U. or the U.S.”

Note: Syngenta did everything in its power to discredit atrazine researcher Tyrone Hayes after Hayes published science proving that Syngenta's products were poisonous. The New Yorker published a detailed article on Syngenta's smear campaign. For more along these lines, see concise summaries of deeply revealing news articles about corporate corruption from reliable major media sources.

In mid-February, [reporter Matt] Taibbi announced he was leaving Rolling Stone, where he has worked for almost a decade, to start a digital magazine for First Look Media, the company owned by eBay billionaire Pierre Omidyar. The last few weeks have been consumed with business matters—hiring editorial staff, signing off on designs. Taibbi won’t discuss the exact format of the new venture, nor its name—that’s still being worked out, too—but he sees it focusing, in part, on the same matters of corporate malfeasance he’s been covering for years. What people expect, of course, is the ribald, loudly antagonistic voice of a writer who is, in his own words, “full of outrage.” The guy who compared Goldman Sachs to a “vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” None of Taibbi’s anger at the “toothlessness” of the media has dissipated. Taibbi says his decision to leave Rolling Stone was predicated in part on ... his desire to “be on Glenn’s side.” Glenn being Glenn Greenwald, who, along with Laura Poitras and Jeremy Scahill, is currently editing another First Look property, the national-security-centric The Intercept, which has been live since February. “Glenn’s in this position of being a reporter trying to put out material that came from a whistle-blower, and now they’re both essentially in exile. It’s crazy. If the press corps that existed in the ’60s and ’70s had seen this situation, they’d be rising as one and denouncing the government for it,” Taibbi says.

Note: For more on corporate corruption, see the deeply revealing reports from reliable major media sources available here.

Agricultural business giant Monsanto reported worse-than-expected losses for its fiscal fourth quarter ... due to lower sales of its genetically engineered seeds. The company forecast for fiscal 2014 also came in below Wall Street expectations, and it revealed plans to buy farming software and data firm The Climate Corporation. The combination sent shares lower in morning trading. The St. Louis company recorded a loss of $249 million, or 47 cents per share, for the quarter ended Aug. 31. That was wider than its loss of $264 million, or 42 cents per share, in the 2012 fourth quarter. The company's performance was hurt by a steep drop in sales of genetically modified soybean seeds, which fell 38 percent to $87 million.

Note: For more on the destructive impacts of Monsanto's GMO seed/pesticides technology, see the deeply revealing reports from reliable major media sources available here.

Dozens of companies, non-profits and trade organizations including Apple, Google, and Facebook sent a letter [on July 18] pushing the Obama administration and Congress for more disclosures on the government's national security-related requests for user data. Together with LinkedIn, Yahoo!, Microsoft, Twitter and many others, the companies asked for more transparency of secret data gathering in the letter. Tech companies have been scrambling to assert their independence after documents leaked last month by former U.S. security contractor Edward Snowden suggested they had given the government direct access to their computers as part of the NSA's secret surveillance program called Prism. The classified nature of the data gathering has barred the participating companies from disclosing even their involvement, let alone the content of the requests. Some companies, including Facebook and Apple, in June struck an agreement with the government to release some information about the number of surveillance requests they receive. But they were limited to disclosing aggregate government requests for data without showing the split between surveillance and criminal requests, and only for a six-month period.

Note: For more on government and corporate privacy invasions, see the deeply revealing reports from reliable major media sources available here.

In his bid to become Secretary of Defense, former Sen. Chuck Hagel has come under fire from both the left and right for his comments on Iraq, Israel and gays. His membership on the board of one of America's largest oil companies, however, has caused barely a stir. Since 2010, Hagel has served on the board of Chevron Corp., a position he would have to leave if he wins Senate confirmation as defense secretary. He received $301,199 in compensation from the San Ramon company in 2011, including $184,000 in stock. Chevron is a major federal contractor, with more than $501 million in sales to the U.S. government in the last fiscal year. But critics of the "revolving door" between the federal government and the private sector haven't raised any complaints about Hagel. That's largely due to the nature of Chevron's federal contracts. Almost all the money Chevron made from the U.S. government in fiscal year 2012 came from selling fuel to the Pentagon, according to a government website that tracks federal spending. Chevron, the nation's second-largest oil company, has a history of politically connected board members. Condoleezza Rice served on the company's board before becoming national security adviser for President George W. Bush. The practice of former federal officials landing jobs with government contractors - and vice versa - has long angered many government watchdogs. They were appalled when Obama, early in his first term, nominated a lobbyist for the Raytheon Corp. to serve as deputy secretary of defense.

Note: US Defense Secretary nominee Chuck Hagel has also been implicated in serious elections manipulations by none other than the New York Times. For more, see this link.

Most companies in the Standard & Poor’s 500-stock index pay their CEOs annual bonuses that are conditional on meeting specific goals. Yet companies often find ways to lower or reset the performance benchmarks to ensure that their CEOs get at least a portion of their bonus. The practice, which has become more frequent since the 2007 economic downturn, risks turning bonus plans into a “meaningless exercise,” says Carol Bowie, head of Americas research at ISS Governance. Bonus plans are “not simply a mechanism to deliver pay,” she says, “but they should be designed to focus executives on the kinds of operational metrics that are going to deliver value.” Companies often justify moving the goal posts as a way to protect executives from events out of their control—bad luck, such as a hurricane or rising fuel costs. Yet CEOs also benefit financially when good luck strikes. Departing from a bonus plan “only works if a board is willing to use it on the upside and the downside,” says Blair Jones of Semler Brossy Consulting Group. “If it’s only used for the downside, it calls into question the process.” Several studies of U.S. CEO pay have confirmed the lopsided practice. One study, from researchers at Claremont Graduate University and Washington University in St. Louis, found that executives lost far less pay for bad luck than they gained for good luck.

Note: For deeply revealing reports from reliable major media sources on financial corruption, click here.

Former President Jimmy Carter issued a blistering indictment of the U.S. electoral process ..., saying it is shot through with "financial corruption" that threatens American democracy. Carter said "we have one of the worst election processes in the world right in the United States of America, and it's almost entirely because of the excessive influx of money." The 39th president lamented a recent U.S. Supreme Court decision that allows unlimited contributions to third-party groups that don't have to disclose their donors. The dynamic is fed, Carter said, by an income tax code that exacerbates the gap between the wealthiest Americans and the rest of the electorate, allowing the rich even greater influence over public discourse and electioneering. He added that he hopes the "Supreme Court will reverse that stupid ruling," referring to the case known as Citizens United. He said the United States should return to publicly financed elections for president. The system technically is still in place, but it is voluntary and both President Barack Obama and Republican challenger Mitt Romney have chosen to bypass the taxpayer money because they can amass far more on their own. "You know how much I raised to run against Gerald Ford? Zero," Carter said, referring to his 1976 general election opponent. "You know how much I raised to run against Ronald Reagan? Zero. You know how much will be raised this year by all presidential, Senate and House campaigns? $6 billion. That's 6,000 millions."

Note: For deeply revealing reports from reliable major media sources on our dysfunctional electoral system, click here.

Authorities granted protesters a four-month extension to continue occupying Freedom Plaza in D.C.. A deadline for protesters with the October 2011/Stop the Machine demonstration to pack up and leave Freedom Plaza came and went Monday afternoon. The protesters were given until 2 p.m. to break down their stage and other equipment after their original four-day permit expired Sunday. While the protesters cleaned the space and took down the stage where they led rallies, made speeches and played music, they didn't leave. At about 2 p.m. Monday, Park Police went to Freedom Plaza and requested a private meeting with protest organizers. They met at National Park Service headquarters about 4 pm. Before leaving Freedom Plaza, the organizers told the crowd they'd stay until they're ready to leave. The organizers returned to a round of applause when they told demonstrators that authorities offered the four-month extension. Park Police realized it was not in their best interests to shut the demonstrators down or make arrests, organizers said, and asked if demonstrators needed to be arrested to make their point. The organizers replied that they don’t need to be arrested over a permit issue and want their issues addressed.

Note: For lots more on the reasons why people all over the world are occupying their city centers, check out our "Banking Bailout" news articles.

Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.